Tech startup Blockchains LLC has revealed plans to build a "smart city" built on blockchain technology in the Northern Nevada desert. KUNR contributor Kaleb Roedel of the Northern Nevada Business View has the details.
The startup owns 62 percent of Tahoe-Reno Industrial Center in Storey County.
In January, the company spent $170 million on its purchase of 67,000 acres with plans to build a "smart city" roughly the size of Reno.
The CEO of the company says the city will showcase the power of the public blockchain through a series of projects, including a Blockchains campus, an e-sports arena, a content creation studio and a residential community.
Blockchain is a public electronic ledger that can be openly shared among distinct users and creates an unchangeable record of their transactions, each one time-stamped and linked to the previous one.
The community would include houses, apartments, condos, banks, markets, stores and schools, including artificial intelligence, nanotechnology and 3D printing, all using the public blockchain technology.
For more information, visit the Northern Nevada Business View